Canary XRP ETF Likely to Start Trading This Week After SEC Filing

Canary Capital's proposed XRP ETF is set to possibly start trading as early as this week, following a regulatory filing with the SEC. On Monday, Canary filed an 8-A form, indicating readiness for a launch possibly as soon as Thursday. This ETF would be the second in the United States tracking XRP, after the Rex-Osprey XRP ETF, which has seen significant success since its debut. Experts believe that the Canary ETF could attract strong investment inflows, given the rising interest in altcoin-focused ETFs. The regulatory environment for crypto funds has strengthened with growing acceptance, with over 90 ETFs currently under consideration by the SEC. XRP's recent market performance indicates it is trading significantly below its all-time high, but the potential for strong demand for ETFs remains evident as the market evolves.

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